Political News
Grayling under fire over soaring pay at HS2
UK Transport Secretary Chris Grayling found himself under the spotlight on Wednesday when it emerged he ignored warnings about spiralling executive pay at the company responsible for the controversial £55bn High Speed 2 rail project.
UK farmers warn of food shortage in no-deal Brexit scenario
Britain's farmers warned of a food shortage next year if a frictionless trade deal after Brexit was not agreed with the EU.
Trump threatens trade allies over Iran - all in the name of peace
Donald Trump officially reimposed sanctions against Iran on Tuesday and threatened any trading partner of the US with retaliation – all while proclaiming he was acting in the interests of world peace.
UK watchdog slaps Barclays over second PPI failure
Barclays Bank has been ordered to rectify its procedures for communicating with payment protection insurance (PPI) customers for a second time by the competition watchdog.
UK's Hammond reportedly warns of French move on City after Brexit
UK Chancellor of the Exchequer Philip Hammond has reportedly warned senior City figures to prepare for a French-led attempt by the EU to bind Britain’s financial services sector in red tape after Brexit and grab business from London.
Barnier warns UK over Brexit, but looks for 'unprecedented' deal
EU chief negotiator Michel Barnier on Friday warned Britain that it could not take back control of its borders and expect the European Union to give up sovereignty over customs and freedom of movement.
Carney says no-deal Brexit risk 'uncomfortably high'
The potential of a no-deal Brexit was “uncomfortably high” with severe consequences for the economy, Bank of England Governor Mark Carney said on Friday.
Northern Ireland has biggest per-capita deficit in public spending
Northern Ireland has the highest public spending per person in the UK, but at the same time the lowest figure of money sent to the capital, the Office for National Statistics revealed in new findings published on Wednesday.
Germany denies Brexit deal offer rumours from Remain group
German officials have denied the European Union would offer a vague Brexit deal proposal to save the UK from crashing out of the bloc empty handed, according to reports.
E.ON to cut 500 jobs across the UK
Energy supplier E. ON announced on Wednesday it seeks to cut around 500 jobs across its UK operations.
UK will take unilateral measures against tech firm tax evasion if international efforts fail
The UK government is ready to act alone against tax evasion by digital giants such as Google and Facebook if attempts at a global solution fail, the UK Treasury said on Wednesday.
EU calls Asia-Europe summit for mid-October
European Union heads of state or government will meet with many of their Asian counterparts in mid-October, the European Council announced.
Hammond wants more public sector spending cuts
The chancellor has told government departments to prepare for further spending cuts before next year’s spending review, putting him at odds with cabinet members who want to ease austerity.
Facebook uncovers fake accounts ahead of US mid-term elections
Facebook announced on Tuesday it had detected fake accounts with “coordinated inauthentic behaviour” that are possibly linked to a Russian based group, ahead of the US mid-term elections.
Summer heatwaves set food prices ablaze, BRC says
Customers in Britain face increased food prices after a cold spring and a summer of heatwaves drove up the cost of fruit and vegetables.
May to cut holiday short for Macron Brexit talks
UK Prime Minister Theresa May is cutting short her summer holiday for talks with France President Emmanuel Macron this week as she tries to shore up her fragile Brexit plan.
China manufacturing PMI falls amid steep drop in export orders
Factory sector activity in China was at its slowest in eight months in July, as export orders declined at the quickest pace seen in 25 months.